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E46 SMG Issues

Sorry for asking about what must be a much discussed topic, but I cannot seem to search the forum for an answer. I own an E34 M5. My son is considering buying an E46 M3. People on my M5 board have warned against the SMG tranny on the E46 M3. What are the problems? Also can anyone point me to other issues to look for before purchasing a used E46 M3? Known problem areas?